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Memphis-based Fogelman Management Group has been awarded management of 10 new properties totaling more than 3,800 units. In Memphis, Fogelman will take over management of the 414-unit Preserve at Forest Creek and the 600-unit Greens of Irene.

Memphis-based Fogelman Management Group has been awarded management of 10 new properties totaling more than 3,800 units. In Memphis, Fogelman will take over management of the 414-unit Preserve at Forest Creek and the 600-unit Greens of Irene.

Two Ohio-based development firms plan to build a new hotel on a vacant site in Downtown Memphis.

The Orlean Co. of Beachwood, Ohio, and Ceres Development LLC of Westlake, Ohio, plan on building a Cambria Suites on a 3.3-acre lot on the south side of Union across from Fourth Street, just west of Danny Thomas Boulevard.

Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

A team that includes Memphis-based Fogelman Venture Partners has sold The Preserve at Southwind apartment community for $28 million.

G&I VII Preserve at Southwind LLC, a joint venture between Rick and Mark Fogelman and New York-based DRA Advisors LLC, sold the 306-unit complex to Colorado-based Preserve at Southwind Apartments LP, an affiliate of Continental Realty Advisors Ltd., according to a Dec. 22 warranty deed. The sellers acquired the property for $22.1 million in 2011.

But the Great Recession has been notably different – long, deep and very prolonged.

That’s the message Dr. John Gnuschke, director of the Sparks Bureau of Business and Economic Research and co-director of the Center for Real Estate at the University of Memphis, delivered in December at the Urban Land Institute’s Real Estate Outlook for the Mid-South.

The push for home ownership has been a fundamental element of the American Dream since the 1960s.

And because a home is typically a person’s most valuable asset, research indicates home ownership stabilizes neighborhoods while also contributing positively to the overall economy. Leading this promotional effort is the National Association of Realtors, which regularly links a healthy housing market to job creation.

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

Apartment complexes can be found throughout Memphis, but lately it seems the center of the multifamily world is on the courthouse steps Downtown.

Foreclosure sales have dominated the industry’s activity in Shelby County of late, with the most lucrative deals occurring as trustees’ deeds after the original owner defaults on a property or as bank sales after the lender reclaims and resells the property.

Shelby County Mayor A C Wharton Jr. has invited some of the top financial minds both in and out of county government to a roundtable discussion that will be held this morning at the University of Memphis.

Memphis' multifamily industry enjoyed one of the most dynamic years in recent memory, as 2007 saw increased occupancy, rental rates and even construction, according to the fourth quarter and 2007 "Memphis Multi-Housing Marketview" report by the local office of CB Richard Ellis (CBRE).

Though Shelby County's commercial real estate performed well through most of 2007, sales declined more than 8 percent in the fourth quarter, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

31. Archived Article: Calendar - Monday, May 14, 2001 Calendar of events: June 5 11 Calendar of events: May 14-May 20 May 14 The International Association for Administrative Professionals will have its monthly meeting at 6 p.m. at the Holiday Inn-Memphis East. Anne Jones of Dress for Success, Memphis C...

32. Archived Article: Real Review - Tuesday, April 3, 2001 General Motors expands General Motors expands local real estate operations Neilson Group LLC, GMAC Real Estate has expanded its operations and opened a Collierville office. The Neilson Group joined forces with General Motors real estate division in ...

33. Archived Article: Memos - Wednesday, January 3, 2001 Charlotte Kelley was named marketing assistant for the Bartlett Performing Arts and Conference Center Charlotte Kelley was named marketing assistant for the Bartlett Performing Arts and Conference Center. She had worked as community relations/market...

34. Archived Article: Memos - Wednesday, June 2, 1999 Dr Philip G. Satre, chairman and chief executive officer of Harrahs Entertainment Inc., has been named to the board of directors of JDN Realty Corp. Paul Stone has been named executive vice president and chief financial officer of Mark VII Inc. Ston...

35. Archived Article: Memos - Wednesday, August 26, 1998 WNUA-FM Names Bob Kaake Wendell Altman has been appointed manager of operations for Sedgwick Inc.s national risk control consulting organization. He previously was vice president and manager of risk control consulting for Sedgwick of the Carolinas I...

36. Archived Article: Real Briefs - Tuesday, March 17, 1998 A four-bedroom, four-bath home in the planned community of CordovaThe Town won a top design award at the Best in American Living awards sponsored by Professional Builder magazine A four-bedroom, four-bath home in the planned community of CordovaThe ...

37. Archived Article: Memos - Wednesday, October 29, 1997 Jeff Kelly has been appointed president of Fogelman Properties Inc Jeff Kelly has been appointed president of Fogelman Properties Inc.s property management subsidiaries, Fogelman Management Co. and Fogelman Management Services LLC. Kelly most recent...